IPC THE HOSPITALIST COMPANY, INC.

IPC THE HOSPITALIST COMPANY, INC.

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Company Overview
IPC The Hospitalist Company, Inc. is the leading private practice hospitalist company in the United States. IPC is a national physician group practice company that operates and manages full-time hospitalist practices. Hospitalist medicine is organized around inpatient care, mainly delivered in hospitals and is focused on providing, managing and coordinating the care of hospitalized patients. It assists hospitals and payors in improving quality of care, increasing operating efficiencies and reducing costs.
IPC, through its affiliated hospitalists, provides, manages and coordinates the care of hospitalized patients and serves as the inpatient partner of care physicians and specialists, allowing them to focus their time and resources on their office based practices or their specialties. In addition, it provides its affiliated hospitalists with the infrastructure, information management systems, specialized training programs and administrative support necessary to perform these services.
Founded by physicians in 1995, the company’s approximately 550 affiliated hospitalists, including physicians, nurse practitioners and physician assistants, provide hospitalist solutions at more than 300 hospitals and other inpatient facilities in 16 states. Its affiliated hospitalists work with more than 21,000 referring physicians and 1,000 health plans.
With corporate office in North Hollywood, California, IPC operates practices in the following states: Alabama, Missouri, Arizona, Nevada, California, North Carolina, Colorado, Oklahoma, Florida, Tennessee, Illinois, Texas, Michigan and Wyoming.
Business Summary
IPC The Hospitalist Company, Inc. (IPC) is a provider of hospitalist services in the United States. Hospitalist medicine is organized around inpatient care, delivered in hospitals, and is focused on providing, managing and coordinating the care of hospitalized patients. The Company, through 1,036 affiliated hospitalists, including physicians, nurse practitioners and physician assistants, provide hospitalist solutions at over 475 hospitals and other inpatient facilities in 21 states. Its affiliated hospitalists work with more than 33,000 referring physicians and 3,100 health plans. IPC provides its affiliated hospitalists with administrative and professional services. In May 2010, the Company acquired Continuum Geriatric Services PLLC (CGS). In June 2010, the Company acquired LH Self Medical Services, PC, in Las Vegas, Nevada, and the hospitalist operations of Mountain Empire Medical & Surgical Associates, PLLC in Elizabethton, Tennessee.
Description and history
IPC The Hospitalist Company, Inc. (IPC), incorporated in January 1998, is a provider of hospitalist services in the United States. Hospitalist medicine is organized around inpatient care, delivered in hospitals, and is focused on providing, managing and coordinating the care of hospitalized patients. The Company, through 1,036 affiliated hospitalists, including physicians, nurse practitioners and physician assistants, provide hospitalist solutions at over 475 hospitals and other inpatient facilities in 21 states. Its affiliated hospitalists work with more than 33,000 referring physicians and 3,100 health plans. IPC provides its affiliated hospitalists with administrative and professional services. In May 2010, the Company acquired Continuum Geriatric Services PLLC (CGS). In June 2010, the Company acquired LH Self Medical Services, PC, in Las Vegas, Nevada, and the hospitalist operations of Mountain Empire Medical & Surgical Associates, PLLC in Elizabethton, Tennessee. In July 2010, IPC The Hospitalist Company, Inc. acquired Austin Hospital Physicians, PA, (AHP). In July 2010, the Company acquired Ann Arbor Inhospital Physicians, PLLC. In August 2010, the Company acquired Hospital Internists of Bristol, LLC. In October 2010, the Company acquired Premier Hospitalists, Inc. In October 2010, the Company acquired Post-Acute Medical Associates, PC, (PAMA) and Muhammad Syed, MD, PC, in Las Vegas, Nevada. In November 2010, the Company acquired Zenith Hospitalists, LLP. In November 2010, the Company acquired the hospitalist practice of Hospitalists of West Michigan, PC. In December 2010, the Company acquired Senior Care of Colorado, PC (SCOC). In December 2010, the Company acquired Midwest Hospital Specialists PA, Midwest Hospital Care LLC, and Peterson Management Co., collectively known as Hospital Inpatient Management Services. In December 2010, the Company acquired Desert Pediatric Hospitalists, PLC.

The Company, through its affiliated hospitalists provides, manages and coordinates the care of hospitalized patients and services as the inpatient partner of primary care physicians and specialists, allowing them to focus their time and resources on their office based practices or their specialties. It also provides its affiliated hospitalists with the infrastructure, information management systems, specialized training programs and administrative support necessary to perform these services. IPC’s affiliated hospitalists facilitate the communication of patient information in the inpatient setting and, after the patient is discharged, often assist with the transition to outpatient or other post-hospital care by communicating with the outpatient physician provider. In the event a patient does not have a primary care physician, the Company’s hospitalists refer the patient to physicians or clinics in the area.

The Company’s primary care physicians are focused on treating patients in an office-based setting, not an inpatient facility. Its affiliated hospitalists also coordinate the discharge and transition of inpatients to outpatient care by communicating with patients’ primary care physicians after discharge from an inpatient facility. Specialist physicians are trained to focus on specific procedures or medical conditions. IPC’s hospitalist programs are structured to provide acute care hospitals with a consistent on-site physician presence that result in fewer admitting physicians overseeing patients in the hospital. Its affiliated hospitalists provide alternative sites of inpatient care with consistent on-site physician availability and experience.

IPC provides its affiliated hospitalists with access to IPC-Link through its Web-based Virtual Office portal to support their clinical, administrative and communications needs. IPC-Link is distinctive in its ability to capture the results of each doctor-patient encounter and organize these results into a searchable database. IPC-Link enables its affiliated hospitalists to view and record important patient data, and allows hospitalists in a practice group to share patient information as needed. In addition, the technology enables the Company’s affiliated hospitalists to communicate directly and securely to its clinical call center, risk management, and compliance departments. IPC-Link operates via a secure, HIPAA-compliant Web interface, which allows the Company to assume responsibility for billing, collection and reimbursement for services rendered by its affiliated hospitalists.

The Company provides its practice groups with a detailed financial statement each month that enables each of its affiliated hospitalists to see the financial performance of their respective practices. Its incentive compensation plan is based on these financial statements and provides transparency regarding bonus compensation to its affiliated hospitalists. IPC provides risk management and quality management programs to its affiliated hospitalists. It also provides monitoring and internal auditing processes by both internal staff and third-party coding specialists.

The Company competes with Team Health and EmCare.

Founded by physicians

Business Line
Operates and manages full-time hospitalist practices
Subsidiary
ACCLAIMED INTERNAL MEDICINE, P.L.L.C.
Advisor
ERNST & YOUNG LLP
IPO date
1/25/2008
US SIC Code
8062
Company Address
Suite 617
4605, Lankershim Boulevard
City province or state postal code
91602, NORTH HOLLYWOOD, CA
Phone: +1 888 447 2362
Fax: +1 818 766 3999
Country address: UNITED STATES OF AMERICA
Website url: www.hospitalist.com